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MISC Crypto Crew (MCC) Vol: XIV: Scaling troubles and NFT bubbles
08-06-2021, 03:29 PM
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#6061
- Trapstar4.4
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Originally Posted By entropy91⏩
oooh sheeit... that aint goodPretty sure Coinbase essentially owns uniswap
Originally Posted By Mogambo⏩
yeah thats a smart move, im trying to digest this stuff as fast as possible.So I'm moving some cryptos around, peppering for worst case US regulation scenarios. Defi in name only has me paranoid now. I'm imagining a situation where lawmakers make it impossible for exchanges to operate without strict KYC/AML enforcement which causes a domino effect of people pulling their bags causing liquidity issues.
That being said, I'm confident that LPing using smart contracts is regulation resistant.
Best case scenario is lawmakers enact some dumbass anti crypto law and enforcement proves impossible which increases crypto confidence. Ironically this would serve to attract more illicit monies into the space.
That being said, I'm confident that LPing using smart contracts is regulation resistant.
Best case scenario is lawmakers enact some dumbass anti crypto law and enforcement proves impossible which increases crypto confidence. Ironically this would serve to attract more illicit monies into the space.
right now any US based based crypto institution where a substantial amount of their business is defi related activities is facing some real sht right now. we gotta hope that something breaks the right way tomorrow, but right now im struggling to find the optimistic path.
i keep thinking about UNIswap as the #1 player at this moment, but holy hell...
and then how basically america would basically be opting to drive defi innovation and all that greatness to foreign countries. fcking idiots
*edit
and thats the other thing. enforcement. what do some of these institutions do when a law is passed and the response is "hey thats impossible, blood from a stone"
i would think that that part of the law is ignored....i would hope.. :\
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08-06-2021, 04:05 PM
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#6062
08-06-2021, 06:27 PM
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#6063
US brahs the bill going to vote tomorrow is pretty damn critical for the well being of cryptos here. The more I'm learning about its reach the more I'm scare. Mark Warner gotta go. It's one of those Patriot Act deals where when you look back on the amount of privacy lost it's rage inducing.
We need to be calling and emailing our representatives.
https://theblockchainassociation.org/
https://decrypt.co/77838/rival-amend...ns-proof-stake
https://www.eff.org/deeplinks/2021/0...ency-provision
https://www.theblockcrypto.com/linke...chnology-works
We need to be calling and emailing our representatives.
https://theblockchainassociation.org/
https://decrypt.co/77838/rival-amend...ns-proof-stake
https://www.eff.org/deeplinks/2021/0...ency-provision
https://www.theblockcrypto.com/linke...chnology-works
08-06-2021, 09:42 PM
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#6064
- entropy91
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- entropy91
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Originally Posted By Mogambo⏩
Not really worried about it as asking individuals to do things they are 100% incapable of is completely idiotic and unlawful.US brahs the bill going to vote tomorrow is pretty damn critical for the well being of cryptos here. The more I'm learning about its reach the more I'm scare. Mark Warner gotta go. It's one of those Patriot Act deals where when you look back on the amount of privacy lost it's rage inducing.
We need to be calling and emailing our representatives.
https://theblockchainassociation.org/
https://decrypt.co/77838/rival-amend...ns-proof-stake
https://www.eff.org/deeplinks/2021/0...ency-provision
https://www.theblockcrypto.com/linke...chnology-works
We need to be calling and emailing our representatives.
https://theblockchainassociation.org/
https://decrypt.co/77838/rival-amend...ns-proof-stake
https://www.eff.org/deeplinks/2021/0...ency-provision
https://www.theblockcrypto.com/linke...chnology-works
08-06-2021, 09:45 PM
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#6065
- Trapstar4.4
- I am Bomani Jr.
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- Trapstar4.4
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im hoping that the movement to make calls on twitter has gained a lot of traction.
i also sent a form from brian armstrong's post. once you complete it, it prefills an email and auto-fills the recipient field with your senator's name.
im going to call the senator's office in the morning. earlier i saw a thing circulating where they had a script circulating that they wanted people to use. going to try to find it to see what it sounds like
i also sent a form from brian armstrong's post. once you complete it, it prefills an email and auto-fills the recipient field with your senator's name.
im going to call the senator's office in the morning. earlier i saw a thing circulating where they had a script circulating that they wanted people to use. going to try to find it to see what it sounds like
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I make typos.
08-06-2021, 10:26 PM
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#6066
- Phobaphobia
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Originally Posted By Phobaphobia⏩
Well boys I've taken most of my profits. I'm mostly scaled out of crypto at this point... I think the top is near for this cycle. I'm leaving some in if alts continue to rally for a few weeks/months but definitely think we are at the top or close. Good luck boys.
Originally Posted By Phobaphobia⏩
Hope you guys are managing your risk well with this recent rally. Be careful of the downside.Next prediction is we rally back into the $44-52k range. Until everyone is super bullish and hopeful again. And then it will dump again. Make sure you guys take at least some profit.
08-06-2021, 10:37 PM
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#6067
08-06-2021, 11:00 PM
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#6068
- entropy91
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- entropy91
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Originally Posted By Phobaphobia⏩
Based on what? Why are the fortune tellers in this thread so mysterious?Hope you guys are managing your risk well with this recent rally. Be careful of the downside.
08-06-2021, 11:04 PM
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#6069
Originally Posted By entropy91⏩
What has me concerned is the fervency with which the crypto community united in trying to fight this thing. Not like redditors, but the Kraken CEOs of the crypto world coming together with urgency in trying to galvanize support to oppose the Mark Warner amendment. If this was much ado about nothing then the reaction wouldn't be so fever pitched over basically just this crypto part of a huge legislation bill holding things up. This bill itself has large political implications and to have a back and forth over cryptocurrencies strikes me as extremely significant.Not really worried about it as asking individuals to do things they are 100% incapable of is completely idiotic and unlawful.
And even if ends up being not too big of a deal, it still sets a precedent of government intrusion into the crypto space.
I think I mentioned it earlier ITT but this reminds me of how the Patriot Act got passed. Nobody batted an eye when it was signed into law but it ended up being the largest government intrusion into the financial/banking system.
Give them an inch, they will take a mile.
Another thing that has me concerned is the sudden spike in price. Strikes me as whales fearing the worst, manipulating the market and dumping.
I hope I'm wrong.
08-06-2021, 11:21 PM
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#6070
- Phobaphobia
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Originally Posted By entropy91⏩
1. Market cycles. I hate being labelled a bear, because I'm 100% long-term bullish. But I don't see new ATHs this year.Based on what? Why are the fortune tellers in this thread so mysterious?
2. No volume on this pump. Look up what a momentum ignition bot is and how to spot it. They're trying to trap retailers.
3. There's a lot of legitimate FUD right now. **** could hit the fan any day and unravel a lot of different aspects of the market.
08-06-2021, 11:51 PM
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#6071
- mcdojo
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Originally Posted By Raylan⏩
Funny thing about qnt brah is that he was on the misc crypto discord chat in the last bullrun. When the bullrun ended all he ever posted was that he was going to kill himself lmaowhere is QNT brah? is he another NEM brah success story?
08-07-2021, 12:11 AM
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#6072
08-07-2021, 05:30 AM
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#6073
- MisterInfinity
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Originally Posted By entropy91⏩
Cause at the end of the day, no one, and do really mean no one, knows what da phuck they are talking about, even less on the fking Misc, lol.Based on what? Why are the fortune tellers in this thread so mysterious?
Edit: This volume does not indeed make sense tho, away too low.
08-07-2021, 07:07 AM
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#6074
- Trapstar4.4
- I am Bomani Jr.
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- Trapstar4.4
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Originally Posted By Mogambo⏩
Yeah the challenge here is similar to how alot of freedoms, privileges, protections that's go away. Where leaders sign a bunch of sht into law that they don't understand. They keep it high level, super vague, and then as they learn more later that vagueness gives them all the power in the world to advance their agenda how they see fit.What has me concerned is the fervency with which the crypto community united in trying to fight this thing. Not like redditors, but the Kraken CEOs of the crypto world coming together with urgency in trying to galvanize support to oppose the Mark Warner amendment. If this was much ado about nothing then the reaction wouldn't be so fever pitched over basically just this crypto part of a huge legislation bill holding things up. This bill itself has large political implications and to have a back and forth over cryptocurrencies strikes me as extremely significant.
And even if ends up being not too big of a deal, it still sets a precedent of government intrusion into the crypto space.
I think I mentioned it earlier ITT but this reminds me of how the Patriot Act got passed. Nobody batted an eye when it was signed into law but it ended up being the largest government intrusion into the financial/banking system.
Give them an inch, they will take a mile.
Another thing that has me concerned is the sudden spike in price. Strikes me as whales fearing the worst, manipulating the market and dumping.
I hope I'm wrong.
And even if ends up being not too big of a deal, it still sets a precedent of government intrusion into the crypto space.
I think I mentioned it earlier ITT but this reminds me of how the Patriot Act got passed. Nobody batted an eye when it was signed into law but it ended up being the largest government intrusion into the financial/banking system.
Give them an inch, they will take a mile.
Another thing that has me concerned is the sudden spike in price. Strikes me as whales fearing the worst, manipulating the market and dumping.
I hope I'm wrong.
So it's one of those things where the law may go into effect next week. We all breathe a sigh of relief that nothing changed. Then a year later sht gets real when regulations change, we scream about it, but then realized that we already gave up our power a year earlier. The law is already in place and The lawmakers are just finally realizing how to take full advantage of it. At the end of the day many of them are a bunch of sleezy lawyers by training
Like you said we don't know how this will play out. What we do know is that the bill, as written is hazardous as hell. Everybody and their mother is a "broker" ..in the USA .
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I make typos.
08-07-2021, 07:13 AM
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#6075
- Trapstar4.4
- I am Bomani Jr.
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- Trapstar4.4
- I am Bomani Jr.
- Join Date: May 2008
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Also I could never be a lawmaker. I don't know how the sponsors of that amendment aren't in the chambers physically ransacking the place.
I compare it to my corporate days when we were working on how to advance our product. Debating strategy, and at times discussions got hot but we really were operating with all of the information. Intelligent debate.
I really disliked the corporate world but I give credit when comparing it to how they do business in politics. Fck that
I compare it to my corporate days when we were working on how to advance our product. Debating strategy, and at times discussions got hot but we really were operating with all of the information. Intelligent debate.
I really disliked the corporate world but I give credit when comparing it to how they do business in politics. Fck that
***Gender Non-Committed***
(She/Him/They/His/Theirs/Her/Them)
Falcons - Hawks - Braves
I make typos.
08-07-2021, 07:18 AM
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#6076
Yikes crash incoming boys phuck....
Fk the Good Poster Crew (Lockdev, Pink, Kimm, Wasps, Expatriot, Mulloway, Luc1fer, Smallpeter, gwg, Super Hercules, Bonobo, maori-rap, Based Bagel, ezmac31, Goobaa, Godfrd and many more). You know who you are.
08-07-2021, 08:39 AM
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#6077
- entropy91
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- entropy91
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Originally Posted By Phobaphobia⏩
I mean it fits the on-chain analytics of the supply being bought up and moved off exchanges. There just aren't as many sellers at these price levels.1. Market cycles. I hate being labelled a bear, because I'm 100% long-term bullish. But I don't see new ATHs this year.
2. No volume on this pump. Look up what a momentum ignition bot is and how to spot it. They're trying to trap retailers.
3. There's a lot of legitimate FUD right now. **** could hit the fan any day and unravel a lot of different aspects of the market.
2. No volume on this pump. Look up what a momentum ignition bot is and how to spot it. They're trying to trap retailers.
3. There's a lot of legitimate FUD right now. **** could hit the fan any day and unravel a lot of different aspects of the market.
Also
https://mobile.twitter.com/Blockwork...19422587949057
08-07-2021, 09:23 AM
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#6078
08-07-2021, 10:55 AM
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#6079
- StrongVision
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- StrongVision
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Originally Posted By taskmob⏩
The Senate Vote?Yikes crash incoming boys phuck....
08-07-2021, 11:00 AM
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#6080
- W1LLW
- Enlightened Miscer
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- W1LLW
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Originally Posted By Mogambo⏩
I don't think you are unfortunately. I don't care how they ammend or alter the taxation on the clause. Regardless of how they word it, they have targeted crypto currencies as being one of theprimarytargets for funding this infrastructure bill. I'm personally expecting a fuking nasty dump next week.What has me concerned is the fervency with which the crypto community united in trying to fight this thing. Not like redditors, but the Kraken CEOs of the crypto world coming together with urgency in trying to galvanize support to oppose the Mark Warner amendment. If this was much ado about nothing then the reaction wouldn't be so fever pitched over basically just this crypto part of a huge legislation bill holding things up. This bill itself has large political implications and to have a back and forth over cryptocurrencies strikes me as extremely significant.
And even if ends up being not too big of a deal, it still sets a precedent of government intrusion into the crypto space.
I think I mentioned it earlier ITT but this reminds me of how the Patriot Act got passed. Nobody batted an eye when it was signed into law but it ended up being the largest government intrusion into the financial/banking system.
Give them an inch, they will take a mile.
Another thing that has me concerned is the sudden spike in price. Strikes me as whales fearing the worst, manipulating the market and dumping.
I hope I'm wrong.
And even if ends up being not too big of a deal, it still sets a precedent of government intrusion into the crypto space.
I think I mentioned it earlier ITT but this reminds me of how the Patriot Act got passed. Nobody batted an eye when it was signed into law but it ended up being the largest government intrusion into the financial/banking system.
Give them an inch, they will take a mile.
Another thing that has me concerned is the sudden spike in price. Strikes me as whales fearing the worst, manipulating the market and dumping.
I hope I'm wrong.

Kobe Forever
Black Crew
Bucks N 6
08-07-2021, 11:07 AM
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#6081
- ghostfacedup
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- ghostfacedup
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Originally Posted By Trapstar4.4⏩
you voted for it. You elect these authoritarians and marxists and this is what you get. Full gov't intrusion to fit an agenda. "Clean energy" rolfmao.oooh sheeit... that aint good
yeah thats a smart move, im trying to digest this stuff as fast as possible.
right now any US based based crypto institution where a substantial amount of their business is defi related activities is facing some real sht right now. we gotta hope that something breaks the right way tomorrow, but right now im struggling to find the optimistic path.
i keep thinking about UNIswap as the #1 player at this moment, but holy hell...
and then how basically america would basically be opting to drive defi innovation and all that greatness to foreign countries. fcking idiots
*edit
and thats the other thing. enforcement. what do some of these institutions do when a law is passed and the response is "hey thats impossible, blood from a stone"
i would think that that part of the law is ignored....i would hope.. :\
yeah thats a smart move, im trying to digest this stuff as fast as possible.
right now any US based based crypto institution where a substantial amount of their business is defi related activities is facing some real sht right now. we gotta hope that something breaks the right way tomorrow, but right now im struggling to find the optimistic path.
i keep thinking about UNIswap as the #1 player at this moment, but holy hell...
and then how basically america would basically be opting to drive defi innovation and all that greatness to foreign countries. fcking idiots
*edit
and thats the other thing. enforcement. what do some of these institutions do when a law is passed and the response is "hey thats impossible, blood from a stone"
i would think that that part of the law is ignored....i would hope.. :\
I can't believe we let these dumb dolts in DC ruin crypto. Idiots like Elizabeth Warren especially. Total stupidity. There's no escaping these imbeciles, and imbeciles who vote for them. Just imagine buying crypto and voting for these tools, the pure idiocy and mental illness. The US is just going to start to fall behind, like they've done in almost everything else.
08-07-2021, 01:11 PM
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#6082
- W1LLW
- Enlightened Miscer
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- W1LLW
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Originally Posted By ghostfacedup⏩
https://didtheyvoteagainst.me/you voted for it. You elect these authoritarians and marxists and this is what you get. Full gov't intrusion to fit an agenda. "Clean energy" rolfmao.
I can't believe we let these dumb dolts in DC ruin crypto. Idiots like Elizabeth Warren especially. Total stupidity. There's no escaping these imbeciles, and imbeciles who vote for them. Just imagine buying crypto and voting for these tools, the pure idiocy and mental illness. The US is just going to start to fall behind, like they've done in almost everything else.
I can't believe we let these dumb dolts in DC ruin crypto. Idiots like Elizabeth Warren especially. Total stupidity. There's no escaping these imbeciles, and imbeciles who vote for them. Just imagine buying crypto and voting for these tools, the pure idiocy and mental illness. The US is just going to start to fall behind, like they've done in almost everything else.
don't be ill-informed.
Kobe Forever
Black Crew
Bucks N 6
08-07-2021, 03:57 PM
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#6083
- ghostfacedup
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- ghostfacedup
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Originally Posted By W1LLW⏩
It doesn't matter, they already have too much power. I'm not going to "take action" and stop the inevitable. Innovation will move out of the US, I've already accepted it. We are run by big gov't liberals and communists on both sides, the parties don't even matter.
08-07-2021, 04:00 PM
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#6084
- ghostfacedup
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- ghostfacedup
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08-07-2021, 04:11 PM
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#6085
- entropy91
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- entropy91
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Too much positive fundamentals and long term buyers for us to go to 15k imo. Countries adopting, companies adding BTC to balance sheet, athletes demanding payment in BTC, supply drying up, Mining infrastructure being build all over the globe. Can't see a ****ty tax bill collapsing this. People are just salty af they sold the bottom.
08-07-2021, 04:46 PM
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#6086
- johnnyboi123
- 14/F/Cali
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- johnnyboi123
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"this time it's different, fellas"


08-07-2021, 05:09 PM
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#6087
Originally Posted By W1LLW⏩
Great link.I thought the vote was going to be today but it looks like tomorrow. It will probably get pushed back again though.
08-07-2021, 06:19 PM
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#6088
08-07-2021, 06:37 PM
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#6089
I'll admit defeat and capitulate if BTC crosses the 200 day and confirms it.
Still don't think it's going to happen.
Good luck.
Still don't think it's going to happen.
Good luck.
I: Self, Lord and Master.
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"I call you Son not because you Shine but because you Mine."
08-08-2021, 12:20 AM
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#6090
- surf junkie
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Originally Posted By entropy91⏩
I don't see BTC having much gas left with dominance so low ...Gonna be lots of fomo at 50k LMAO
If dom > 60% then i would agree +50k is inevitable.
Crypto market cap points to this being a relief rally.
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